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Jeera Falls Sharply Amid Sluggish Demand, Higher Production Concerns

18 Nov 2019 7:01 pm
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MUMBAI (Commoditiescontrol) - Spot jeera prices fell by Rs 20-25 per 20 kg at the major Unjha and Rajkot markets in Gujarat on Monday amid sluggish demand and expectations of higher production.

Weakness in futures also weighed on spot prices.

According to traders, prices have come under pressure due to lower demand and on expectation of rise in production. Also, there is no export demand for the commodity that is coming from the warehouses.

Jeera for delivery in December at the National Commodity and Derivatives Exchange (NCDEX), ended lower by Rs 310 or 1.89 percent at Rs 16,080 per quintal after moving in the range of Rs 16,430 and Rs 16,070.




Commodity

Market

Variety

Min Today

Max Today

Min Previous Day

Max Previous Day

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2525

2625

2550

2650

-25

14000

Jeera

Unjha

Ncdex (20 Kg)

2770

2870

2790

2890

-20

Jeera

Unjha

Best Quality (20 Kg)

3060

3160

3085

3185

-25

Jeera

Unjha

Bomabay BOLD (20 Kg)

3180

3280

3200

3300

-20

Jeera

Rajkot

Europe Quality (20 Kg)

2950

3050

2970

3070

-20

500

Jeera

Rajkot

Singapore Quality (20 Kg)

2825

2935

2845

2955

-20

Jeera

Rajkot

Discolor (20 Kg)

2740

2840

2760

2860

-20

Jeera

Rajkot

Super Quality (20 Kg)

3040

3100

3060

3120

-20

Jeera

Rajkot

Europe - Mundra

3280

3340

3300

3360

-20

Jeera

Rajkot

Singapore Mundra

3150

3210

3170

3230

-20



       
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